NFDA COMMENT: RETAIL SALES GROW IN JULY

Published 18/08/2016 00:00:00 in Press Releases

“Despite expected uncertainty following the EU referendum, retail sales have performed well in July”, said Sue Robinson, Director of the National Franchised Dealers Association which represents commercial vehicle and franchised car retailers across the UK commenting on official figures published the Office for National Statistics (ONS).

Overall retail sales in the UK rose 5.9% in July 2016 compared to the same period last year according to the ONS. Warmer weather as well as weaker sterling have encouraged overseas visitors to spend in the UK, boosting sales.

Robinson continued, “Official figures show a more positive picture than had been originally forecasted. However, it is still difficult to predict the economy for the remainder of the year, which will be very dependent on consumers’ confidence.”

 

ENDS

NOTES TO EDITORS:

Source: Office for National Statistics: Retail sales in Great Britain: July 2016: http://www.ons.gov.uk/businessindustryandtrade/retailindustry/bulletins/retailsales/july2016

Rupal Rawal, Press Officer
Tel: 020 7307 3412
Mob: 07528 977 157
Press Office direct line: 020 7307 3422
Press Office fax: 020 7307 3406

Web: www.rmif.co.uk Email: rupal.rawal@rmif.co.uk

The Retail Motor Industry represents the interests of operators in England, Wales, Northern Ireland and the Isle of Man providing sales and services to motorists and businesses. The RMI has a formal association with the independent Scottish Motor Trade Association which represents the retail motor industry in Scotland.

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